Jojo,Your WSA is pure nickel, however with IGO you are seeing it...

Jojo,

Your WSA is pure nickel, however with IGO you are seeing it increasingly a Ni/Au stock, with other commodities such as tin or copper down the track. Not suggesting buying it or anything else atm, but to be prepared (as with STB) in the event of the next market pullback. Listen to yesterdays BRR anyway, sorry not much on Duketon in it, but it's forward profile is changing drastically, although Rosie could pull it back towards nickel. Certainy not the MCR/PAN peer you'd recall from 3 years back.

STB still the best leverage to Rosie by a factor of about 4 (STB fully diluted), but risks higher, and less other wildcard upsides imho. Happy with both as I am a buy and hold type again post GFC. Still possible for a little company like STB to grab hold of a really interesting new project (just as they did with Eritrea). Not so easy for an IGO to get that materiality, although it appears the De Beers database/sample warehouse (dubbed Alladins cave by their geos) they picked up in the GFC may yet prove a company transformer.

EL